Crux Informatics Expands Data Delivery Reach to AWS Data Exchange

Crux on AWS Data Exchange

NEW YORK, Nov. 14, 2019 /PRNewswire/ — Crux Informatics (“Crux”), a leading data delivery and operations company, today announced it has joined the newly-launched AWS Data Exchange service from Amazon Web Services (AWS). AWS Data Exchange, is a service that makes it easy for millions of AWS customers to securely find, subscribe to, and use third-party data in the cloud. Availability on AWS Data Exchange further delivers on Crux’s mission to make reliable data from suppliers accessible for consumers around the globe.

Companies today are faced with the challenge of ingesting complex data from a wide variety of suppliers at scale, resulting in significant time and resource investments. As the industry utility that simplifies the data ingestion, operations, and delivery process, Crux ensures that data flows seamlessly between suppliers and financial companies, so they can focus their resources on extracting value from the data. Customers using AWS Data Exchange and the AWS Marketplace are now able to easily access validated data from Crux, and data suppliers can leverage Crux’s capabilities to distribute on AWS Data Exchange.

“Data suppliers and their customers across financial services have told us they want to work with Crux to connect and operate with data sets at scale so we are delighted to welcome Crux to AWS Data Exchange to feed data into customer’s applications, analytics, and machine learning models running on AWS,” said Samantha Gibson, Head of Financial Services Business Development, AWS Data Exchange, Amazon Web Services, Inc. “As our customers continue to move to the cloud, they’re looking for new ways to simplify how they find and consume data and we are excited to see the innovation made possible by having diverse, high-quality, and well-curated data from Crux available on AWS Data Exchange.”

“We are proud to collaborate with AWS to deliver reliable, timely and digestible data into their innovative AWS Data Exchange,” said Philip Brittan, CEO at Crux Informatics. “With availability in AWS Data Exchange, we’re taking another step forward in giving our clients the ability to find and access the data they need with the high degree of operational excellence they’ve come to expect from Crux.”

As of today, AWS Data Exchange customers can access Crux-delivered data directly. See here a selection of over 70 free datasets available on AWS Data Exchange. At the same time, data suppliers can now work with Crux to connect and deliver their data in AWS Data Exchange. Crux takes care of onboarding, validating and reliably operating your data feeds onto AWS Data Exchange, enabling you to accelerate distribution and scale operational efficiency. Connect with us to get your data delivered today.

Crux Hits 1,000 Datasets!

Crux-dataset-partners

Crux Community,

We are very excited to announce we now have over 1,000 datasets (some small, some massive) pumping through our pipelines and being delivered to data consumers, with new datasets being added every day! We are honored to have partnerships with over 60 leading data suppliers of a wide range of valuable data. It has been a very busy year for us here at Crux. We are moving and growing fast. We officially launched our platform in March of this year (can’t believe it’s only been 7 months!) and since then we have been cementing partnerships, building data pipelines, growing the team, forging strategic relationships, and of course delighting customers.

As part of delighting customers, we have built out more ways for them to easily consume ingested, validated, and processed data from Crux: in addition to the RESTful API and Python client we launched earlier this year, we now have the ability to push data directly into a customer’s Snowflake or Amazon S3 account and we will shortly release the ability to execute SQL queries and create ODBC connections directly against Crux-delivered data in the cloud. Just as we keep wiring up more and more datasets, we will keep building out new ways for customer to easily get their hands on that data.

Our team has been growing fast to handle all this, especially in Engineering, and we have been thrilled to have Mark Etherington join us as CTO this summer. Mark and team have hit the ground running and are ramping up Crux capabilities fast on numerous fronts.

We know that macroeconomic data is fundamental to most activities in financial services. We are pleased to announce that we are offering free delivery of a collection of public macroeconomic datasets for all customers. If you are already using Crux, we hope you will find these datasets a nice value-add. If you are new to Crux, these datasets are a great way to get started with us. Connect with us to get access today.

Thank you all for being an engaged community. We learn from our conversations with you every day and that helps us continually improve on our quest to make data delightful.


All the best,
Philip

J. Tomilson Hill, Former Chairman, President and CEO of Blackstone Alternative Asset Management Joins Crux Informatics Board

NEW YORK, NEW YORK, April 3, 2019/PRNewswire/ — Crux Informatics (“Crux”), a leading data operations and delivery company, today announced that J. Tomilson (“Tom”) Hill has joined its Board of Directors. This appointment adds significant asset management expertise and leadership as Crux further enhances its leading solution for better data flow in the financial services industry. 

J. Tomilson Hill is a private investor whose career has spanned both investment banking and the asset management business over the last five decades. After serving as co-President and co-CEO of Lehman Brothers from 1990 to 1993, Mr. Hill joined The Blackstone Group as a General Partner and Member of the Management Committee. He served as President and CEO of Blackstone Alternative Asset Management for 18 years, before stepping down on January 1, 2019.  From March 2007 to the end of 2018, Mr. Hill was the Vice Chairman of Blackstone and served as a member of the Board of Directors.

Mr. Hill is a graduate of Harvard College and the Harvard Business School. He is a member of the Council on Foreign Relations where he is Chairman Emeritus of the Investment Committee, and is a member of the Board of Directors of Lincoln Center Theater, where he is Chairman Emeritus. He is Chairman Emeritus of the Hirshhorn Museum and Sculpture Garden in Washington, D.C., and currently serves on the Investment Committee of the Smithsonian Institution and the Executive Committee and the Board of Trustees of The Metropolitan Museum of Art. He also serves on the Board of the Telluride Foundation, the Advantage Testing Foundation, the Friends of the High Line, and Our Lady Queen of Angels School, a parochial school (K-8th grade) in Spanish Harlem. He is a member of the Advisory Board of Christie’s and a member of the Board of Directors of First Eagle Investment Management, Hamilton Insurance Group, Limited, Advantage Testing, Inc. and Crux Informatics.

Philip Brittan, CEO of Crux, said “with Tom’s appointment to our Board, we now have access to one of the pre-eminent leaders in asset management and the capital markets. Over a 40-year career, Tom has built a superlative reputation on Wall Street and is highly recognized for seeing trends in banking and alternative asset management long before peers. To that point, Tom was one of the original backers of systematic funds, clearly grasping the importance of big data in the investment decision process. His unmatched knowledge and expertise will be invaluable as we continue to enhance our offering to investment managers, so they can improve data flow, drive insights and generate better alpha, faster.”

Mr. Hill said, “a voluminous amount of data is flying at asset managers at a pace never before seen. As a result, firms are spending an incredible amount of time, resources and capital uncovering and cleaning data sets, and not enough time applying that data to make smart and differentiated investment decisions. Crux has an answer to that problem – a secure cloud platform with expert services that helps clients connect with on-demand, alpha-generating data. I look forward to working with Philip and the entire Crux team to continue building and scaling their offering, and ultimately, transforming the data industry.”

About Crux Informatics
Today, data operations and delivery is expensive, time consuming and frustrating. But it doesn’t have to be. Crux helps companies reliably process and onboard the data they need, when they need it, and where they need it. This allows our customers to focus on driving productivity and creating better business outcomes. Our cloud platform and expert services connect data users and suppliers so data can flow.

Media Contact
Edelman
Emily Rose, 212-738-6066
[email protected]

Crux Informatics Closes $20 Million Series B Financing Round

NEW YORK, NEW YORK, October 17, 2018 /PRNewswire/ — Crux Informatics (“Crux”), a leading data engineering and information supply chain operator, today announced it has closed $20 million in a Series B funding round. The financing round includes recent investor Two Sigma, as well as follow-on investments from Goldman Sachs’ Principal Strategic Investment Group and Citi, among others from the Series A round, to enable and accelerate growth.

The ever-increasing demand for more data to drive investment decision making has led to a rapid proliferation of new data sources and greater need for financial firms to find and harness an increasingly fragmented array of data. Cleaning, managing and preparing this data for analysis requires firms to spend a significant amount of time and internal resources, when they would rather focus their efforts on gathering investment insights and extracting value from the data for their clients.

Crux’s Informatics platform provides an industry-wide solution by operating and maintaining firms’ data supply chains, so firms get past the first mile challenge of ingesting data and speed ahead to generating returns. With this new funding, Crux will continue to scale and enhance their platform, so clients can have access to best-in-class technologies and services.

“We have built a solution for what has become a significant pain point for financial services firms – ingesting and managing the tremendous amount of data that is now available to them,” said Crux Informatics CEO, Philip Brittan. “We are transforming the data industry making it possible for our clients to reap the benefits from improved data flow, which translates into more actionable insights and alpha. This funding will help us continue to drive innovation, which will scale our business and the data set solutions we offer to our clients.”

“The volume, velocity and variety of data in the marketplace is increasing at a rapid pace,” said Darren Cohen, Global Head of Principal Strategic Investments at Goldman Sachs. “Crux is strengthening the information supply chain and enhancing their offering, so firms are able to connect with the data they need, when and how they need it. We are excited to continue to work with Crux and this group of industry backers to support them in building what we believe will become the go-to solution for data.”

About Crux Informatics
Crux was built to solve the pain of acquiring usable data faster by helping firms find, explore, and transform data with ease. Crux offers a Data Engineering Managed Service on its Informatics Platform to take on the burdensome and non-differentiating aspects of our customers’ information supply chains, so they can focus on what really matters most: driving actionable insights for their businesses. At Crux, we make data delightful.

Media Contact
Edelman
Emily Rose, 212-738-6066
[email protected]

Crux Informatics Partners with Two Sigma to Continue Building New Data Solutions

NEW YORK, NEW YORK, September 6, 2018 /PRNewswire/ — Crux Informatics (“Crux”), a leading data engineering and information supply chain operator, announced it had entered into a strategic partnership with Two Sigma, one of the world’s largest systematic investment management firms. As part of the partnership, Two Sigma is making a minority equity investment in Crux, joining Goldman Sachs and Citi, two of Crux’s other investors, to help Crux grow its platform to meet the data-hungry demands of the financial services industry. Terms of the deal were not disclosed.

As the ubiquity and importance of data continues to increase, companies are spending too much time ingesting, cleaning and structuring data sets. These resource-intensive tasks burden companies that could otherwise devote more time to interpreting and analyzing data. Crux will support Two Sigma in performing the critical processes to extract, transform and load data, commonly referred to as ETLs, enabling Two Sigma to focus more fully on its differentiated capabilities of finding value in the data.

Philip Brittan, CEO of Crux, said: “We are thrilled to have Two Sigma support Crux in such a direct way. Demand for our solutions has been growing, and Two Sigma’s endorsement of our platform and approach is a true validation of our mission. Two Sigma is a leader in its approach to data science and we look forward to partnering on best practices and shared insights, and continuing to build a solution that redefines how an industry thinks about consuming and distributing data. We are creating a new category of data platforms and look forward to working with Two Sigma and others to continue our success.”

Ali-Milan Nekmouche, Chief Data Strategist for Two Sigma, said: “Crux is building a unique and scalable technology that is addressing a critical aspect of the data science workflow, where mutualization across data consumers will yield significant industry-wide efficiencies. By partnering with Crux, we not only hope to broaden the spectrum of datasets we can use to measure and model markets around the world, but also renovate the way that data is generated and consumed across the data-driven economy. We look forward to partnering with Crux and the consortium of investors on ushering in a world-class industry solution to ingest data of all shapes and sizes at a never before seen scale.”

Crux will execute on a broad range of data sets, including Fundamental, Macro, Risk and Alternative data suppliers, among others.

About Crux Informatics
Crux was built to solve the pain of acquiring usable data faster by helping firms find, explore, and transform data with ease. Crux offers a Data Engineering Managed Service on its Informatics Platform to take on the burdensome and non-differentiating aspects of our customers’ information supply chains, so they can focus on what really matters most: driving actionable insights for their businesses. At Crux, we make data delightful. For more information, please visit www.cruxinformatics.com.

About Two Sigma
Two Sigma is an investment management firm that follows the principles of technology and innovation to find value in the world’s data. Since its founding in 2001, Two Sigma has built an innovative platform that combines extraordinary computing power, vast amounts of information, and advanced data science to produce breakthroughs in investment management, insurance and related fields. As of August 1, 2018, Two Sigma manages approximately $55 billion in assets, including employee and proprietary capital, employs more than 1,400 people and has offices in New York, Hong Kong, Tokyo, Houston and London. For more information, please visit www.twosigma.com.

Media Contact
Edelman
Erica Sunkin, 212-729-2126
[email protected]

Crux Informatics Receives A Strategic Investment from Citi


NEW YORKMarch 1, 2018 /PRNewswire/ — Crux Informatics, a leading data engineering and information supply chain operator, announced a strategic investment from Citi. Citi’s investment, along with Goldman Sachs and other previously announced strategic investors, brings Crux’s total funds raised to $21 million.

Data engineering typically accounts for 70-80% of the total effort a firm spends on making use of data. Crux was built to alleviate the time-consuming burden of the non-differentiated data work companies must do before they can extract value from their data. From data supplier to data consumer, Crux connects market participants to on-demand, actionable data.

“The Crux value proposition as a data concierge service, coupled with its diverse community of datasets, solves an ever-increasing challenge within financial services,” said Bill Hartnett, Managing Director at Citi.

“Citi’s investment is another gratifying endorsement from a prominent leader in the financial services industry,” said Philip Brittan, CEO of Crux. “Crux helps companies reduce the effort and money spent acquiring, exploring and processing large amounts of data. Crux implements and operates the data processing pipelines that respond to customers’ unique requirements.”

About Crux Informatics
Crux was built to solve the pain of acquiring usable data faster by helping firms find, explore, and transform data with ease. Crux offers a Data Engineering Managed Service on its Informatics Platform to take on the burdensome and non-differentiating aspects of our customers’ information supply chains so they can focus on what really matters most: driving actionable insights for their businesses. At Crux, we make data delightful.

Inside Market Data: Industry Heavyweights Unveil Startup ‘Data Wrangler’ Crux, Raise $10M Funding

Originally published November 8, 2017 at Inside Market Data

Author: Max Bowie

“I had the idea that there was an opportunity in the market that was not being met. At Bloomberg, Google and Thomson Reuters, I was on the supply side of the market. I saw the burden that companies faced in trying to make use of data—and nobody was stepping up to help clients with this,” he says. “So late last year, I started getting serious about it, and spent this year getting started, finding the right partners, getting people involved, talking to clients, creating the product and testing it with the market. We tried to listen to clients about where their pain points are.”
These pain points tended to be around identifying and integrating new sources of data and processing it in such a way as to be useful to firms. To address these challenges, Crux’s offering comprises three core areas: a “supplier network” of data sources that allows potential users to find, evaluate and procure new content via an online portal; a managed “data engineering concierge” service that leverages Crux’s team of data scientists and engineers to clean, normalize and transform raw data from those sources into “actionable” formats specific to each client; and its informatics platform—a “secure and scalable” cloud environment in which firms can analyze that transformed data in different ways, share it with other applications via a suite of APIs, and control who can access it via granular entitlements.

Reuters: Goldman Sachs leads $10 million investment round in data startup Crux

Originally published November 8, 2017 at Reuters

Author:  Anna Irrera

Crux’s platform processes the data for financial firms, including banks, hedge funds, private equity groups and insurers, so they can focus resources on carrying out more differentiating tasks such as building artificial intelligence algorithms to extract value from the information.

This removes the biggest pain point, or “crux” of data analytics in finance, said Philip Brittan, chief executive of Crux.

“Everyone is looking at how to get more data and how to get more value out of the data that they have,” Brittan said in an interview. But “firms spend the majority of their data time on stuff that is not differentiated,” he added.

Crux does not sell or resell the data, but has established a network of information suppliers to help clients discover new sources.

Silicon Angle: Fintech data startup Crux Informatics raises $10M to ‘make data delightful’

Originally published November 8, 2017 at Silicon Angle

Author: Eric David

The San Francisco-based company calls itself a “data engineering concierge service,” allowing businesses to extract value from their unstructured data quickly and efficiently. Rather than doing the data analysis itself, which is generally left up to specialized artificial intelligence programs, Crux instead extracts and organizes companies’ data to make it more digestible. The company specializes in financial data for banks, hedge funds, financial firms and so on, which is what drew Goldman Sachs to the startup.

American Banker: Data service startup Crux gets $10 million in funding led by Goldman Sachs

Originally published November 8, 2017 at American Banker

Author: Penny Crosman

It’s a given that banks, hedge funds, insurance companies, research firms and others have an insatiable need for data to make decisions – where to place bets, what companies to buy or fund, to whom to extend credit, and so forth.

Finding the right data from new sources, including data aggregators, alternative credit bureaus and satellite imagery, and making it readable to existing programs is a huge chore.